#1
2nd August 2016, 04:56 PM
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Union Bank Of India Union Bank Of India
I want to take Vehicle Loan from Union Bank Of India so can you please provide me the details of loan?
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#2
2nd August 2016, 05:09 PM
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Re: Union Bank Of India Union Bank Of India
Union Bank Of India provide Union Miles Vehicle Loan to purchase of new or old (up to 3 years) four-wheeler, and you can also avail this loan to purchase a new two-wheeler. Union Miles- Eligibility- Minimum age - 18 years and maximum age - 70 years Resident Indian citizen and Non-Resident Indians (NRIs) holding valid license Individual, either singly or jointly with other family members viz. father, mother, son, spouse or daughter as co-applicants Companies / Firms for purchase of vehicle for usage by their Directors / employees Quantum Of Loan- Maximum quantum of loan New 4-wheeler Rs. 125 Lakh Old 4-wheelers (not older than 3 years) Rs. 20 Lakh New 2-wheeler Rs. 10 Lakh Margin, i.e. Your share 15 % of on-road price (Vehicle Cost + Registration Charges + Insurance + Road Tax) 40 % of old vehicle's valuation cost Repayment - Repayment period Maximum repayment tenure New 4-wheeler 7 years Old 4-wheelers (not older than 3 years) 5 years New 2-wheeler 3 years Processing charges- Processing charges @ 0.50% of the loan amount, subject to maximum of Rs. 15,000 plus service tax as applicable List Of Documents- Proof of identity (any of the following) Passport PAN Card Employee identity card Any other valid proof Proof of address (any of the following) Electricity bill Telephone bill Aadhar Any other valid proof Proforma / Invoice Valuation report from approved automobile engineer for old vehicle Proof of income For salaried class Last one year ITR Form16 / letter from Employer Last 6 months salary slip For business class Last three years ITR P & L, Balance sheet 3 photographs Any other document which may be required from case to case Contact- All-India Toll Free number : 1800 22 22 44 / 1800 208 2244 Charged Numbers : 080-25300175 Dedicated number for NRI : +918025302510 |